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20121201
20121231
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MSNBC 1
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Search Results 0 to 1 of about 2 (some duplicates have been removed)
MSNBC
Dec 10, 2012 6:00am PST
's no different than what happened over in the uk, in my opinion. they had a similar proposal to what we proposed with dollar revenue and $3 worth of spending cuts. they had a cost benefit analysis they did on all the spending programs, they raised the retirement age. they slowed the rate of growth of health care and they tried to get to balance in four or five years. and we thought at the time the debt was too much too quick that amount of austerity would really, you know, lead to a recession. that's why we had as our number one priority in our program that we didn't want to do anything to disrupt a very fragile economic recovery, so we phased ours in. if you do that and if you look at the economic forecast you can see what would happen. you'll probably have economic growth slowed by with about 4%. we're only growing at 2%. so you're automatically in recession. you would have about 2 million more people lose their jobs. that's not something i want to see. and unemployment back to 9%. i think that's absolutely wrong and i think is the kind of thing we should avoid. there's no sense betting the co
Search Results 0 to 1 of about 2 (some duplicates have been removed)